Texas Utility Rates Could Go Up

by admin on June 12, 2011

Texas Utility RatesWith the economy already bad and electricity already priced too high, it is definitely not good news that electricity rates could possibly go up in Texas.  Earlier this month a bill was approved by the House that would allow for rate hikes in order to pay for certain utility projects.  Although proposals to put a cap on the amount that Texas utility rates could be raised was proposed it was subsequently turned down.

As of right now companies such as CenterPoint which is based out of Houston and Oncor which is based out of Dallas must complete their projects and then seek a rate increase but the new legislation would allow the rates to go up much quicker and much easier.  CenterPoint and Oncor are only two of the many electricity providers in the state of Texas and consumers can choose any company they want.  Not only is important to keep track of which companies may raise their rates but it is also important to compare Texas electricity companies and the electricity rates that they offer to consumers.  Texas Electricity Comparison can make it easy and quick to compare so that you can save money quickly too.

  • The new legislation would allow electricity companies to simply raise rates when beginning a new project.
  • The rate increases would still have to be approved by the Public Utility Commission but the process would be much faster than it currently is.
  • Amendments to the bill may still be made before the bill is actually approved by the House.
  • There is no information as to how much energy rates could be raised should the bill eventually be passed, either amended or in its current form.

Since electricity rates can already be raised for consumers when projects are conducted it will likely not make too much of a difference except for in how soon the rates can be raised.

Energy consumers in Texas should always compare electricity rates because the state is deregulated and the competition can cause rates to vary.

Use Texas Electricity Comparison to make that comparison quick and simple so that you can look for a lower rate today.

 

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